The circular flow shows that GDP measures
I.total income.
Ii.total expenditures.
Iii.price changes.
A) i only
B) ii only
C) iii only
D) i and ii
E) i,ii,and iii
Correct Answer:
Verified
Q52: Last year U.S.net exports of goods and
Q53: Last year in Candamica,consumption expenditure was $20
Q54: Because of the circular flows of expenditure
Q55: In calculating GDP,we must
A)add the market value
Q56: Kelly's Surf Shop orders 5,000 new surf
Q58: Undistributed profits _ counted as part of
Q59: Everything else the same,if government expenditure increases
Q60: In the circular flow,how are the "value
Q61: The following are all final goods EXCEPT
A)flour
Q62: In 2011,U.S.GDP was
A)$15 trillion using the expenditure
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents